DBD Strategy Daily - Indices : panic, or sell signal?
Waouhh... The new elasticity of financial markets takes one's breath away... As always when there is such a sharp acceleration the question arises whether it is a great buying opportunity, or whether it is still time to run away. In Europe, several indices and sectors are breaking below major support levels, triggering important reversal patterns as they open a second bearish gap this week. In the US, indices immediately fell to the levels that could interrupt the fall should yesterday have been a sell-off. Our reading of yesterday's volumes on options does not confirm we had a proper panic. We are happy considering a bounce for a few days, but looking into the end of the month, most indices should evolve lower than today.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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